Jim Cramer Thoughts on 8 Stocks As He Discussed Market Froth

2. Constellation Energy Corporation (NASDAQ:CEG)

Number of Hedge Fund Holders: 85

Discussing the impact of Microsoft’s decision to cut its capital expenditures for data centers on companies like Constellation Energy Corporation (NASDAQ:CEG), Cramer said:

“How about the walloping in the nuclear power utilities like Vistra and Constellation Energy? These stocks are on a rollercoaster and right now they’re on the downside. They, they trade like they weren’t even wearing their seat belts when you’re going down, which is what you know what happens. You fly up and then you land on your head. Microsoft had a hand in the froth here too, except this time at least it was negative. See these momentum utility stocks, all data center plays won’t be as important if Microsoft’s actually cutting capital expenditures for data centers, which is also what we heard on Friday. Why the heck do we need to bid up the stocks of tangential utilities when maybe we don’t even need to worry about the regular utilities? Maybe they got enough power, of, of course, we don’t need Constellation or Vistra.”

Constellation Energy (NASDAQ:CEG) is an energy provider engaged in generating and distributing electricity from diverse sources, including nuclear, wind, solar, natural gas, and hydroelectric power.